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The processed poultry meat market revenue is estimated to reach $250,949.5 million by 2018, with a projected CAGR of 5.9%, while the processed poultry equipment market was valued at $ 2,667.0 million in 2012. The processed poultry meat market has grown exponentially in the last decade and this growth is expected to continue. Factors such as the increasing demand for protein rich convenience food, busy lifestyles of two-income middle class families of developing countries are driving the market for processed poultry meat. The ever-growing population, especially in developing nations, and their increasing income are expected to result into a rise in the demand for food, both, fresh and processed. As a result, the processing of meat is expected to increase in the near future.
R&D activities carried out across all regions, especially in Europe, to develop low-cost production techniques are expected to add pace to the growth rate of the poultry meat processing equipment market. The major restraint of this market is the small and medium organizations in Asia-Pacific, Latin America, and South African countries catering to the demands of the local market but which cannot afford the costly poultry meat processing equipment. Lack of awareness among the processors about the technological advancement in the industry is another restraining factor of the market.
Global processed poultry meat market was valued at $1,79,551.2 million in 2012 and projected to reach $250,949.5 million by 2018. Poultry processing equipment market is projected to grow at a CAGR of 6.7% from 2013 to 2018. The trend in the processed poultry equipment market is shifting towards convenience food, hygiene, safety and custom fillets and portions of poultry products in order to suffice the increasing consumer demand. The major market players in poultry processing equipment market are Marel Food processing limited (Iceland),CTB Inc, BAADER Food Processing
Machinery (U.S.) and others.
The size of the processed poultry meat and poultry processing equipment market was derived by forecasting techniques based on the segments of the entire market, such as types, product types,market players and the trade between various geographical regions. The major market players were acknowledged through secondary research and their market revenue was determined through both primary and secondary research. It includes the study of the annual reports of the top market players and interviews with key opinion leaders such as CEOs, directors, and marketing personnel.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Processed Poultry Meat: Market Overview
5 Poultry Processing Equipment: Market Overview
6 Processed Poultry Meat Market, By Type
7 Processed Poultry Meat Market, By Product Type
8 Poultry Processing Equipment Market, By Type
9 Processed Poultry Meat Market, By Geography
10 Processed Poultry Equipment Market, By Geography